Evercore ISI raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $300 from $240 and keeps an Outperform rating on the shares. Google’s share as the primary search engine has slipped from previous surveys with ChatGPT gaining traction, but Google’s dominance in commercial-intent search cases like Shopping and Travel remains largely unaffected, which suggests “minimal impact on revenue growth,” the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOGL:
- QQQ ETF News, 9/8/2025
- Anthropic agrees to pay $1.5B in author class action settlement, Reuters reports
- Uber and Momenta to Test Autonomous Vehicles in Munich as Robotaxi Rivalry Heats up
- Alphabet downgraded to Accumulate from Buy at Phillip Securities
- OpenAI Steps into Hollywood: Could AI Films Be the Next Big Investment Theme?